2022
Exports
$724kWorld Rnk 72 / 133
Flag Rnk 216 / 1077
2022
PRODUCT COMPLEXITY IN Copper Bars
0.25Rnk 470 / 1025
2022
Imports
$1.5MWorld Rnk 91 / 205
Flag Rnk 768 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $724k in Copper Bars, making it the 72nd largest exporter of Copper Bars in the world. At the same year, Copper Bars was the 216th most exported product in Nigeria. The main destination of Copper Bars exports from Nigeria are: Chinese Taipei ($383k), China ($323k), and Spain ($17.7k).

The fastest growing export markets for Copper Bars of Nigeria between 2021 and 2022 were China ($323k), Chinese Taipei ($27.5k), and Spain ($17.7k).

Imports In 2022, Nigeria imported $1.5M in Copper Bars, becoming the 91st largest importer of Copper Bars in the world. At the same year, Copper Bars was the 768th most imported product in Nigeria. Nigeria imports Copper Bars primarily from: China ($378k), United Arab Emirates ($297k), Turkey ($247k), Thailand ($148k), and India ($107k).

The fastest growing import markets in Copper Bars for Nigeria between 2021 and 2022 were Portugal ($70.8k), Lebanon ($57.1k), and France ($48.7k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Copper Bars. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$724k
IMPORTS (2022)$1.5M
NET TRADE (2022)-$772k

In 2022, Nigeria exported $724k in Copper Bars. The main destinations of Nigeria exports on Copper Bars were Chinese Taipei ($383k), China ($323k), and Spain ($17.7k).

In 2022, Nigeria imported $1.5M in Copper Bars, mainly from China ($378k), United Arab Emirates ($297k), Turkey ($247k), Thailand ($148k), and India ($107k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Copper Bars EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):
China$323k (1%)
Chinese Taipei$27.5k (7.75%)
Spain$17.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Bars BY Nigeria WERE (2021 - 2022):Thailand-$106 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Copper Bars were:
Germany $1.22B
Italy $700M
In 2022, Nigeria's main importing competitors in Copper Bars were:

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Trade Value of Copper Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $289k
TOP IMPORT POTENTIALChina+ $253k

Copper Bars’s highest export potential is China. With an export gap of $289k.   Copper Bars’s highest import potential is China with an import gap of $253k.

See methodology.

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